Why don’t the rating agencies downgrade U.S. debt?

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Dear Bob,

Why don’t the rating agencies downgrade U.S. debt?

A: The simple answer is that if the rating agencies even hint of downgrading U.S. debt they will feel the strong arm of the U.S. political establishment and they (the rating agencies) will bite the dirt. It is all a hoax as we have just witnessed in the crash of Enron, Lehman Brothers and so forth. The so-called rating agencies failed miserably, since they were in the hire of the people they were rating. It is like putting Dracula in charge of the blood bank. Come on!!!

Best Wishes,
Bob

Bob Livingston

founder of Personal Liberty Digest™, is an ultra-conservative American author and editor of The Bob Livingston Letter™, in circulation since 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.